July 24, 2017 5:52 AM ET

Capital Markets

Company Overview of Kuwait Investment Authority

Company Overview

Kuwait Investment Authority is a sovereign wealth fund of the Government of Kuwait. It primarily invests in real estate, private equity, public equity, fixed income, and alternative investment markets across the globe. Within fixed income investments, the firm seek to invest in government-owned securities, agency/corporate bonds, TIPS, and treasury bills within North America, Europe, Asia and Emerging Markets. For its equity investments, it invests in value and growth stocks of companies across all market capitalization. The firm’s alternative investments comprise of private equity markets, Hedge Funds, funds of funds, and real estate markets. It benchmarks the performance of its Canadian la...

Ministries Complex

AlMurqab

Kuwait City,  13001

Kuwait

Founded in 1953

Phone:

965 2 485 600

Key Executives for Kuwait Investment Authority

Chief Executive Officer, Managing Director, and Director
Executive Director of Operations and Administration
Executive Director of General Reserves
Executive Director of Alternative Investments
Compensation as of Fiscal Year 2017.

Kuwait Investment Authority Key Developments

Tata Power-CDPQ Platform Reportedly In Talks To Buy Diliigent Power

Reportedly, an India-focused power platform created by The Tata Power Company Limited (NSEI:TATAPOWER), Caisse de depot et placement du Quebec (CDPQ) and ICICI Venture and few others, is in negotiations to buy of Diligent Power Pvt. Ltd, the power arm of print media company D.B. Corp. Ltd. Diligent Power has two thermal power plants with a combined capacity of 2,520 megawatts (MW)-one 1,200MW plant in Chhattisgarh and another 1,320MW plant in Madhya Pradesh. Although the $850 million platform was formed last year between Tata Power, ICICI Venture Funds, CDPQ Canada, Kuwait Investment Authority (KIA) and State General Reserve Fund (SGRF) of the Sultanate of Oman, no deal has been signed so far. "Though no conclusion was arrived at on valuation, the assets can fetch a price of Rs.5-7.5 crore/MW," one of the persons familiar with the matter said, on condition of anonymity.

Kuwait Investment Authority Announces Executive Changes

Kuwait Investment Authority has appointed Farouk Bastaki as managing director to replace Bader Mohammed al-Saad. Bastaki is currently the company's executive director for alternative investments. Bastaki will take up his new post by April, 2017 as part of a board reshuffle at the company.

Tata Power Reportedly Plans To Buy Stake In Resurgent Power

The Tata Power Company Limited (BSE:500400) will purchase 25% of Resurgent Power for $300 million as part of a consortium to primarily by both coal-fired and hydro power assets in India, besides looking at power transmission companies, two people with direct knowledge of the plan said. Consortium of two sovereign funds from Middle East, an overseas pension fund from Canada and local private equity fund ICICI Ventures. Kuwait Investment Authority, or KIA, Oman State General Reserve Fund, or OSGRF, Canadian pension fund Caisse de depot placement du Quebec, or CDPQ and local private equity fund ICICI Ventures own the consortium. The three global funds will invest $500 million and will own 65% stake, while ICICI Ventures will own the remaining 10% stake. "Tata Power does not respond to market speculations," the company spokesperson said in a mailed response.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 11, 2017
AREVA SA
Private Placement
September 28, 2016
Apttus Corporation
Private Placement
September 9, 2016
Resurgent Power Ventures Pte. Ltd.
 

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